NatalieLopez

 7 Jul 25

tl;dr

CoreWeave, an AI data center company, announced plans to acquire crypto miner Core Scientific in an all-stock deal valued at about $9 billion. The offer prices Core Scientific shares at $20.40 each, a nearly 66% premium over the previous closing price. The acquisition, expected to close in the fourt...

AI data center firm CoreWeave announced on Monday its intention to acquire crypto miner Core Scientific in an all-stock transaction valued at approximately $9 billion. This strategic move highlights the growing convergence between AI infrastructure and cryptocurrency mining sectors.

The offer values Core Scientific shares at $20.40 each, representing a significant premium of nearly 66% over the stock's closing price prior to the emergence of deal discussions. Such a premium underscores CoreWeave's confidence in the long-term potential and synergies expected from this acquisition.

The companies anticipate completing the transaction in the fourth quarter, with the final purchase price to be determined at closing. This deal reflects ongoing consolidation trends within the crypto mining industry amid evolving market dynamics and regulatory considerations.

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 7 Jul 25
 7 Jul 25
 7 Jul 25